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REAL ESTATE

Bentall Kennedy Ranked 1st in Canada, 2nd Globally in the 2018 Global Real Estate Sustainability Benchmark (GRESB) Rankings
September 21, 2018

• Bentall Kennedy advanced to #1 overall in Canada across all property types and 2nd globally in the Diversified category

• MEPT/Edgemoor Fund advised by Bentall Kennedy continues to be ranked top 3 in the world in the Diversified Category

For the eighth consecutive year, the Global Real Estate Sustainability"...

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34 buildings in historic Jeddah to be repaired
September 19, 2018

Under the supervision of the Ministry of Culture, the Historic Jeddah Administration has started taking steps to maintain the heritage buildings at Al-Balad district, which was inscribed on UNESCO’s list of historic sites.

The management said as many as 34 buildings on the verge of collapse in Al-Balad will be repaired to preserve public safety and prevent the deterioration of the old structures.

The maintenance and repair work was"...

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Arzan Wealth Achieves Successful Exit of Two Properties from “Single Tenant Portfolio” In USA
September 19, 2018

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its clients on the sale of two properties (“ the Properties”) from the Single Tenant Portfolio in USA.

The Single Tenant Portfolio consists of 6 single-tenant net-leased buildings with"...

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Over 33,000 benefit from housing, financing options
September 16, 2018

More than 33,000 housing and financing options were announced on Saturday by the Ministry of Housing and the Real Estate Development Fund as part of their 9th batch of the Sakani Program for 2018.

With these allotments the number of housing and financing options until the 9th batch this year has exceeded 215,000. These include 74,700 real estate loans, 63,222 free residential plots of land, 2,584 ready housing units, 67,367 housing units under construction,"...

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Saudi Arabia to set up real estate authority
September 11, 2018

Saudi Arabian cabinet has given approval for converting the State Property Department into a general authority, which will be named General Real Estate Authority, said a report.

This move will help enhance the efficiency of the kingdom’s assets management, reported Argaam citing Yarob Al Thunayan, the undersecretary of the Ministry of Finance for Communication and Information.

'The independence of the general real estate authority"...

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Colliers Proptech Accelerator Powered by Techstars Announces the Class of 2018
September 11, 2018

Colliers International Group Inc. (NASDAQ and TSX:CIGI), a global leader in commercial real estate services and investment management, announced today its 2018 class of proptech startups for the Colliers Proptech Accelerator powered by Techstars. This program is part of our focus on targeted innovation that will enable us to create solutions, shape technologies and find opportunities to advance our business and accelerate success. In our inaugural class, we have diverse technologies and entrepreneurs, including: Solutions across the real estate value chain such as commercial datasets for occupiers and investors; office services and tenant engagement; big data, analytics and artificial intelligence; space as a service; marketplaces and space utilization; and, Smart City and Internet of Things Entrepreneurs......

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Saudi Contractors Authority Announces Launch of 1st International Contracting Conference and Exhibition
September 11, 2018

A new exhibition and conference dedicated to Saudi Arabia’s contracting sector is launching in Riyadh next week, where government authorities, regulators, and key industry players will join forces to develop the Kingdom’s US$1.4 trillion construction market.

The 1st International Contracting Conference and Exhibition (ICCE), will take place from 16-17 September 2018 at the Riyadh"...

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Two architects to supervise development projects in Jeddah
September 4, 2018

Two architects will be employed soon to supervise development projects in Jeddah, Areej Al-Baqami, the new human resources development director at Jeddah Mayoralty, told Okaz/Saudi Gazette on Monday.

She also unveiled plans to provide direct training to municipal official with the objective to improve their skills and work performance.

Jeddah Mayoralty is now focusing on expanding electronic services so that paperwork will be phased out,"...

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Sewage swamps disturb Al-Muntazahat residents
September 4, 2018

Residents of Al-Muntazahat District on Jeddah-Makkah Road Kilo 11 are complaining about the never-ending problem of sewage swamps.

Mohammad Al-Ghanmi said the district is filled with sewage swamps hindering traffic and harboring dangerous viruses.

“The officials have been very negligent in addressing this problem. We have brought it to their attention several times but they always gave us unfulfilled promises. These swamps have obstructed"...

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